Stephens Investment Management Group LLC Sells 242,509 Shares of CoStar Group, Inc. $CSGP

Stephens Investment Management Group LLC cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 21.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 872,463 shares of the technology company’s stock after selling 242,509 shares during the quarter. Stephens Investment Management Group LLC’s holdings in CoStar Group were worth $35,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its holdings in shares of CoStar Group by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after buying an additional 426 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 11,370 shares in the last quarter. Empowered Funds LLC grew its position in CoStar Group by 9.2% during the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after acquiring an additional 666 shares during the last quarter. Finally, Woodline Partners LP grew its position in CoStar Group by 44.6% during the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after acquiring an additional 10,984 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Performance

NASDAQ CSGP opened at $30.00 on Friday. The business’s 50-day moving average price is $32.63 and its two-hundred day moving average price is $45.23. CoStar Group, Inc. has a 12 month low of $28.18 and a 12 month high of $97.43. The firm has a market capitalization of $12.25 billion, a PE ratio of 500.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.74. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, analysts expect that CoStar Group, Inc. will post 1.03 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This trade represents a 4.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group set a $46.00 target price on CoStar Group and gave the company a “buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the stock an “underweight” rating in a report on Wednesday, June 24th. BTIG Research reaffirmed a “buy” rating and issued a $55.00 price objective on shares of CoStar Group in a research note on Wednesday, April 29th. Needham & Company LLC dropped their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.